Malacañang revises auto program

Published by rudy Date posted on June 14, 2010

THE Arroyo administration has revised the new Motor Vehicle Development Program (MVDP).

Trade Undersecretary and Board of Investments (BOI) Managing Head Elmer Hernandez told reporters last week that the President signed Executive Order 877-A on June 3.

Hernandez said this order comes with a memorandum from Malacañang stating that EO 877-A supersedes EO 877 dated April 23.

EO 877 or “The Comprehensive Motor Vehicle Development Program” had typographical errors and omitted an important provision on investment requirements.

In a copy of EO 877-A obtained by The Manila Times, Article 1, Section 3, stated: “The new participant shall, within one (1) year from date of registration with the MVDP, invest in the manufacture and/or assembly of motor vehicles and its parts and components at least US$ 10 million for passenger car assembly; US$8 million for commercial vehicle assembly; or US$2 million for motorcycle assembly…”

The minimum investment requirements for new manufacturers of passenger cars and commercial vehicles were actually the same as in the preceding MVDP under EO 156.

This provision was inadvertently omitted from EO 877, industry sources told The Manila Times.

Hernandez said EO 877-A would be published within this week.

The new MVDP will take effect 15 days upon publication.

Hernandez said the MVDP’s implementing rules and regulations is 60 percent complete, adding that these would be presented to industry stakeholders.

The implementing rules should be in place 60 days from the effectivity of EO 877-A, he said. –Ben Arnold O. De Vera, Manila Times

July 2025

Nutrition Month
“Give us much more than P50 increase
for proper nutrition!”

Invoke Article 33 of the ILO Constitution
against the military junta in Myanmar
to carry out the 2021 ILO Commission of Inquiry recommendations
against serious violations of
Forced Labour and Freedom of Association protocols.

Accept National Unity Government (NUG)
of Myanmar.  Reject Military!

#WearMask #WashHands #Distancing #TakePicturesVideosturesVideos

Time to support & empower survivors. Time to spark a global conversation. Time for #GenerationEquality to #orangetheworld!

July


3 July – International Day of Cooperatives
3 Ju
ly – International Plastic Bag Free Day
 
5 July –
World Youth Skills Day 
7 July – Global Forgiveness Day
11 July – World Population Day 
17 July – World Day for
International Justice
28 July – World Nature Conservation Day
30 July – World Day against Trafficking in Persons 


Monthly Observances:

Schools Safety Month

Nutrition Month
National Disaster Consciousness Month

Weekly Observances:

Week 2: Cultural Communities Week
Micro, Small, and Medium Enterprise
Development Week
Week 3: National Science and
Technology Week
National Disability Prevention and
Rehabilitation Week
July 1-7:
National Culture Consciousness Week
July 13-19:
Philippines Business Week
Week ending last Saturday of July:
Arbor Week

 

Daily Observances:

First Saturday of July:
International Cooperative Day
in the Philippines

Categories

Lorem ipsum dolor sit amet, consectetur adipiscing elit. Ut elit tellus, luctus nec ullamcorper mattis, pulvinar dapibus leo.